In what ways is the EU a unique RTA? What are some of the problems confronting the EU today?

Q: In a global economy, economic issues that affect members of the global community impact us all.  In…

A: Numerous individuals believe that the global economy is constrained by legislatures of the biggest…

Q: concept map, defining globalization

A: The concept of globalization is seeing the entire world as a single market place. The concept map of…

Q: if Eurozone member nations try to fix this by monetary and fiscal policies, what would be some…

A: Recession is a temporary period of economic decline which leads to a fall in GDP for two successive…

Q: What aspects of the international economy are different to those of a single economy? What…

A: In a single economy, there is less competition than the international economy.

Q: In a country, private savings equals 600, the government budget surplus equals 200, and the trade…

A: We are given private savings as 600, government budget surplus as 200 and trade surplus as 100.…

Q: What is your own global story? Topic is about globalization

A: Globalization can be defined as a word which is used to portray the developing relationship of the…

Q: Identify the stages of EU economic integration, and how Greece needs to escape its existing…

A: Economic integration is divided into seven stages, according to experts.

Q: What are the major issues with regard to trade imbalances for low- and middle-income countries?

A: Trade imbalances: The negative balance of trade shows the trade deficit which means that the country…

Q: If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed…

A: ANS If the total amount of goods & services a country imports from other countries of the world…

Q: Discuss the UK Policy actions to support the economy to face the pandemic crisis

A: After giving significant stimulus to the economy, the budget reaffirms the government's commitment…

Q: Detail What is unfavorable balance of trade ?

A: The difference between export and import of the country determines whether the trade is favourable…

Q: Discuss about European Economic Community (Common Market)

A: European Economic Community (Common Market) Previously (from 1957 to November 1, 1993), the European…

Q: Although European Union is the most advanced form of regional integration, it is currently facing a…

A: Following are the challenges ::  EUROPEAN union is the example of economic union with…

Q: An unfavorable trade balance is Called an?

A: Trade Balance also known as Balance of trade which means the difference of the country's total…

Q: s it possible for countries to achieve internal and external balance in their economies ? Explain .…

A: Yes, it is possible for countries to attain external and internal balance.

Q: What is a trade deficit?

A: The trade deficit happens when there is a negative net sum or negative equilibrium in a worldwide…

Q: What are two significant aspects of the domestic economy and one significant aspect of the…

A: Domestic Economy is a set or combination of inter-related production and consumption function that…

Q: how can you define the domestic economy? And what are the different aspects of the domestic economy?

A: Domestic economy is that system of economy in which activities, situations and events take place in…

Q: suppose the United States has serious economic problems. How would this most likely affect the world…

A: Economy is the term that is used to explain the economic position and other economic factor of the…

Q: T = 80 + 0.25Y G = 420 IM = 100 + 0.1Y X = 550 a. The trade balance (X – IM) when the government's…

A: The trade is said to be balanced when the imports (IM) equals exports (X). The government budget is…

Q: st form, c

A: The main economic aspects of the US economy are its consumers, producers, and market, The UK economy…

Q: Is trade deficit is a national problem for US yes or not?

A: Deficit happens once a country's imports exceed its exports throughout a given amount of your time.…

Q: We often hear that trade deficits are bad for a country. Should we agree or disagree with this…

A: Trade deficit is a situation which arises when the imports of the country exceeds its exports that…

Q: What is the approach of Switzerland on its fragile relationship with the EU?"

A: Switzerland's economic and trade ties with the EU are primarily managed by a series of bilateral…

Q: Is trade deficit always a problem? Support your answer with proper reasoning

A: No, trade deficit is not always a bad thing. A country which runs a trade deficit in general imports…

Q: In an open economy, which of the following will occur as a result of a tax increase? A private…

A: In an economy, when government increases tax rate, it will lead to decrease the disposable income of…

Q: In an open economy, an increase in the tax rate will:

A: Open economy  Open economy refers to the economy of a nation which may engage in trading with the…

Q: How can a firm obtain the expertise needed to produce and market its products in the EU?

A: To determine the ways by which a firm can obtain the expertise needed to produce and market products…

Q: What does it mean by "monetary and fiscal policies in a closed economy" when pertaining to…

A: Monetary and fiscal policy are the two main macroeconomic tools that the government can use to…

Q: why is the recovery of global economy, especially the Euro Zone, so important to the South African…

A: Economy can be democratic or it can be under dictatorship or it can be communist. For example United…

Q: Discuss the Macroeconomic Policy Goals in an Open Economy

A: Open economy: An capitalist form of economy is considered to be an open economy where the demand and…

Q: Suppose you have the following information - two large open economies question

A: Since you have asked multiple questions, we will answer the first 3 questions for you. If you want…

Q: Draw a neat and a labelled diagram showing circular flow of income in an open economy.

A: Circular flow model explains how an economy functions. It analyses the way goods, services and money…

Q: What is an open economy, and what are its importance and advantages when implemented?

A: OPEN ECONOMY : Open economy is not the one which is not only involved in the process of production…

Q: Why does a recession cause a trade deficit to increase?

A: A recession is a situation that curbs the economy and follows a downturn to the economic growth and…

Q: What is the difference between a government deficit and a trade deficit ?

A: Trade deficit occurs in an economy when the imports exceed the exports in the country. The country…

Q: Discuss how consumption affects poorer people nations.

A: Because consumerism and poverty are so tightly linked, a positive association between the two has…

Q: Why do you think the UK decided to move out the EU? What do you think will be the business…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…